...Historic Groundbreaking Ceremony Marks the Start of Construction
Governor Babajide Sanwo-Olu of Lagos State on Wednesday, March 5, 2025, officially approved the construction of First Bank’s 43-storey headquarters within Eko Atlantic City, a move set to redefine the skyline of Victoria Island, Lagos.
During the groundbreaking ceremony, Vice President Kashim Shettima, along with other dignitaries, joined First Bank executives to commemorate the commencement of the iconic project.
Sanwo-Olu, while presenting the certificate of approval to First Bank, lauded the bank’s management for its enduring legacy and contribution to Nigeria’s financial sector.
He also acknowledged Mr. Gilbert Chagoury and Mr. Ronald Chagoury, the visionaries behind Eko Atlantic City, for their transformative efforts in developing the city.
Encouraging other financial institutions to follow First Bank’s lead, the governor assured stakeholders that Lagos State would continue to foster a business-friendly environment.
“We expect to see this tower rise steadily, transforming the skyline of our aquatic city. Today, I present the certificate of approval, allowing First Bank to commence construction immediately,” Sanwo-Olu said.
He further urged the Chagoury brothers to extend similar opportunities to other financial institutions, offering flexible payment plans to encourage investment in Eko Atlantic City.
“Lagos and First Bank share a historic relationship spanning over 130 years, and this development marks another milestone in our shared history. Eko Atlantic City is poised to become a hub for corporate organizations,” he added.
First Bank’s Commitment to Innovation and Growth
Mr. Olusegun Alebiosu, Chief Executive Officer of First Bank Holdings, highlighted the bank’s resilience, adaptability, and dedication to customer-centric banking.
“This groundbreaking ceremony marks a pivotal moment in our journey, underscoring our commitment to innovation and the future of banking,” Alebiosu stated.
He emphasized that the headquarters would not only be an architectural masterpiece but also a center for financial innovation, digital transformation, and operational excellence.
“The 43-storey structure will be the tallest building in Nigeria and West Africa upon completion. It will symbolize our strength as an institution and our ambition to set new industry standards,” he added.
A Milestone for Lagos and Nigeria
Mr. Femi Otedola, Chairman, Board of Directors, First Bank Holdings, described the project as a historic achievement for both Lagos and Nigeria.
“This landmark building will stand as a testament to our commitment to excellence. We remain focused on becoming a customer-centric bank while continuing to build a legacy that will endure,” he noted.
Expressing gratitude to President Bola Tinubu and Gov. Babajide Sanwo-Olu for their unwavering support, Otedola also commended the Central Bank of Nigeria Governor, Mr. Olayemi Cardoso, for his efforts in maintaining the stability of the banking sector.
Gov. Dapo Abiodun of Ogun State praised First Bank for its bold vision and expansive growth, highlighting its extensive network of over 700 branches worldwide.
“This building will not only be an architectural marvel but also an incubation hub for financial learning. We will continue to support First Bank in its drive for excellence,” Abiodun remarked, extending congratulations to Otedola and Alebiosu for their leadership and perseverance.
No comments:
Post a Comment